RE: LeoThread 2025-03-24 06:55
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An update on the Merge, TGE for the native token, and the upcoming RUJI products:
For the Merge, two items remain: First, the switch assets (KUJI, rKUJI, LVN, WINK, FZN, and NSTK) require Mimir approval.
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To assist Node Operators with this new process, a concise guide is being prepared to explain how the switch handler functions without compromising network security.
Second, a request to whitelist the Merge contract must be submitted for inclusion in a THORNode release. Once both steps are complete and the Merge contract goes live, a date for the Merge will be set shortly afterward.
Regarding the $RUJI TGE, its timing now depends on launching the Token Factory on the main network—a crucial module for creating tokens like $RUJI.
This release will appear in an upcoming update, pushing the TGE past the originally planned end-of-March timeline.
Given current market conditions, this delay offers more time to position the project effectively and launch under improved circumstances. The RUJI Swap is progressing as wallet signer interfaces are being refined.
The focus isn’t on the swap function itself but on ensuring all components—portfolio view, wallet integration, signing features, etc.—operate flawlessly. As the wallet connections are perfected, the RUJI Swap will be ready to launch.
RUJI Trade and Pools are scheduled to debut after the TGE, starting with the RUJI/RUNE pair. Adding additional pairs hinges on THORChain's security budget.
The initial setup will leverage base pools efficiently, needing only enough secured assets to cover the tokens in transit.
This security budget can be managed through factors such as an increase in the $RUNE price relative to LP assets, more $RUNE bonded to Nodes, or adjustments to security parameters.
As challenges persist, the focus remains on optimizing products and further development.
Community support is encouraged by sharing information about the platform’s value, bonding $RUNE with available TC Nodes, and generating excitement toward THORChain and its upcoming offerings.